Insurance bill for Sydney hailstorm reaches $1.27 billion
Almost 50% of the 136,424 hailstorm-related claims have been resolved
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Government moves to reform claims handling
Proposed reforms would class insurance claims handling as a financial service under the Corporation Act
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Townsville flood damage bill total revealed
Insurers urged to act as “responsible corporate citizens”
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Industry wants clarification on proposed ban on insurance commissions
The ban could put some brokers out of business, says industry leader
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One in four travel-insurance policies does not cover pregnancy, study finds
Study also reveals most commonly excluded conditions
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ASIC calls for ban on general insurance commissions – industry reacts
Australia’s corporate regulator wants a major shake-up in the industry, including banning some products
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Insurers slammed over its “tricks and tactics” to deny Cyclone Debbie-related claims
But the peak industry body says its response to the cyclone “has been very good”
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Consumer groups call to expand unfair contract laws to insurance
The royal commission will tackle the policy issue this week, along with claims-handling
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Australian catastrophe and weather losses hit $261m
The new figure comes as losses due to the catastrophic Hobart storm reaches $100m
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Insurers close 50% of Hobart catastrophe-related claims
The insurance bill due to the weather event nears $100m, says insurance body